Mathematics for FinanceMTP May 18Question 1573 of 422
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A $1,000$ bond paying annual dividends at $8.5\%$ will be redeemed at par at the end of $10$ years. Find the purchase price of this bond if the investor wishes a yield rate of $8\%$.

Options

A$907.135$
B$1033.54$
C$945.67$
DNone of these
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Correct Answer

Option a$907.135$

All Options:

  • A$907.135$
  • B$1033.54$
  • C$945.67$
  • DNone of these

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